Wall Street bets on oil price rally

April 21, 2015 11:40 AM

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If the whims of speculators are anything to go by, then oil markets are poised for a rebound.

Data from the Commodity Futures Trading Commission show that bullish positions on WTI have reached their highest levels in eight months. Speculators make bets on the price of crude – long or short – depending on where they think prices are heading. Not since the end of the summer in 2014 have so man...